SK Group Chairman Chey Tae-won on SK Hynix's massive memory expansion — full interview

The AI era demands a massive increase in memory capacity, as artificial intelligence models require significant storage to house evolving knowledge and experience. SK Hynix, under Chairman Chey Tae-won, is aggressively expanding production to address this explosive demand, which is currently outpacing supply and creating significant industry bottlenecks. While the memory sector has historically been defined by volatile boom-and-bust cycles, the current structural shift toward AI-driven demand necessitates a new approach centered on long-term partnerships with major hyperscalers like NVIDIA and TSMC. Despite the inherent risks of large-scale capital expenditure, the company is committing substantial resources to scale capacity, aiming to stabilize the market and reduce the high token costs currently hindering broader AI adoption. This strategy reflects a fundamental change in how memory is produced and consumed, moving beyond traditional consumer electronics toward a future defined by AI infrastructure.